Basic financial accounting

Basic Financial Accounting is a textbook for students of economy at universities and students at business colleges who are following an introductory class in the external dimension of the company’s economic reporting, including bookkeeping.The book covers the following subjects:The fundamentals of business including e.g. business entities and stakeholdersFinancial statements consisting of the income statement, balance sheet, statement of cash flows, and notesThe EU and IASB’s conceptsThe accounting systemVATIncome measurement and accrual accountingInventory systemsReceivables and bad debtsCompleting the accounting cycleCash flow statementsThe textbook encompasses exercises and assignments for each chapter.